SSS – Loans

Loan Delinquency

Loan Delinquency occurs when a borrower frequently misses monthly amortizations, causing the loan to fall behind schedule. Delinquent loans accumulate penalties and interest, reduce loan eligibility, and may be subject to restructuring or offsetting. Continuous monitoring of the My.SSS account helps prevent delinquency due to employer non-remittance.

Also known as

  • delinquent loan
  • late payments

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